Wholesale Market Down But Stabilizing, NADA Says

Jonathan Banks
Exec­u­tive Auto­mo­tive Ana­lyst
NADA Used Car Guide

Whole­sale prices drop for 3rd straight month in Sep­tem­ber, which were down 2% or $340; Con­di­tions are bet­ter than year ago when Sep­tem­ber 2011 saw 4% drop from pre­vi­ous month; Sep­tem­ber 2012 up a slight 0.2% over year-ago lev­els – 1st time since May this has hap­pened; Used vehi­cle demand remains sta­ble.

Click here to read NADA Used Car Guide for Octo­ber

Off-Rental Vol­ume Con­tin­u­ing to Grow by Dou­ble Dig­its:
Caused com­pact and mid-size cars and mid-size vans to fall more than oth­er seg­ments.

Since April, Month­ly Com­pact Car Depre­ci­a­tion at 3.2% — More than Any Oth­er Seg­ment:
Over­all, prices for 3-year-old mod­els in seg­ment have fall­en by aver­age of 16% or $1,800 over this peri­od.

Trucks Con­tin­ued to Off­set Steep­er Loss­es Asso­ci­at­ed with Cars and Mini­vans:
But depre­ci­a­tion in Sep­tem­ber was decid­ed­ly greater than what has been seen over past few months



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